Mexico Drops Annual Growth Projection To 2.7%

Mexico's National Statistics Institute says the economy grew 1.8 percent in the first quarter of this year, compared to the same period last year. The Mexican government says the sluggish growth has caused it to drop projections for 2014 to 2.7 percent from the original 3.9 percent projection. The weaker growth report came two days after Mexico's Central Bank also lowered the annual forecast for economic growth this year to between 2.3 and 3.3 percent from the original 3-4 percent.

Related Videos


  • Japan September Industrial Output Rises 2.7 Percent Month-on-Month

    Government data showed on Wednesday, Japan's industrial output rose 2.7 percent in September, bouncing from the prior month's decline, a result that could ease concerns about the outlook for the country's factory activity and broader economy. The rise compared with economists' median estimate of a 2.2 percent increase in a Reuters poll. It followed a 1.9 percent drop in August, the data from the Ministry of Economy, Trade and Industry showed.

  • Mexico Cuts 2014 Growth Forecast After Surprisingly Weak Third-Quarter

    Mexico's finance ministry cut its 2014 growth forecast on Friday after the economy grew unexpectedly slowly in the third quarter in a modest recovery that is now also threatened by rising social unrest. The national statistics agency said on Friday, Mexican gross domestic product expanded 0.5 percent in the third quarter from the second, slowing from a downwardly revised 0.9 percent growth in the April-to-June period. A Reuters poll had projected 0.7 percent growth.

  • Slim Expects Mexican Growth To Be 'Much Better' In 2015

    Carlos Slim, Latin America's richest man, said he thinks Mexico's economy will start to grow at a faster pace next year after overcoming a sluggish past couple of years. The Mexican economy grew by just over 1 percent last year and the government in May cut its forecast for 2014 to 2.7 percent. Interest rates are now at a record low of 3 percent. Slim tells Reuters "Last year's growth was low, I think that this year it will be relatively low too, but I think next year will be much better.

  • Mexican Economy Shrinks 0.07 Percent in September From August

    Mexico's economy slowed in the third quarter, growing less than expected, due to weakness in domestic demand and uneven industrial output that has dragged on a recovery. Mexican gross domestic product expanded 0.5 percent in the third quarter from the second, the national statistics agency said on Friday, slowing from downwardly revised 0.9 percent growth in the April to June period. Latin America's No.

  • Warm Weather And Supermarket Price War Hit Food And Clothing Sales

    The British Retail Consortium said total retail spending was 0.8 percent lower this September than a year ago, the steepest annual drop since April 2012 and a sharp contrast to August' s robust growth of 2.7 percent. On a like-for-like basis - a measure that strips out changes in floor space and is preferred by equity analysts - retail sales dropped by 2.1 percent.

  • Daily Digit: 2.7% GDP Growth

    The Daily Digit today is 2.7%. U.S. Gross Domestic Product, or GDP, grew 2.7% in third quarter, which was more than analysts expected. The reason? In short, the holidays. Stores stocked up for before the present-giving season and, as a result, inventories bounced -improving the GDP number. Another boost: an increase in exports. But- overall, people and companies spent less on goods and services.

  • Mexico Inflation Seen Rising To 3.95 Percent In Early July

    Mexican annual inflation likely rose to just below the central bank's 4 percent limit in early July, but sluggish growth and tame underlying prices bode for steady borrowing costs ahead. According to the median of 18 analysts polled by Reuters, Inflation for the 12 months through the first half of July was seen rising to 3.95 percent, up from 3.71 percent in early June.

  • GM Recalls 2.7 Million Vehicles In U.S., To Take Charge Of Up To $200 Million

    General Motors Company said on Thursday it has issued five more recalls, covering about 2.7 million vehicles in the United States. As a result, the firm is expected to take a charge of up to $200 million. Still dealing with the fallout from the recall of 2.6 million defective ignition switches that have been linked to at least 13 deaths, GM did not have the exact number of how many vehicles outside of the United States were affected by the recalls.

  • UK's NIESR Nudges Up 2015 Growth Forecast to 2.5 Percent

    Britain's economy is likely to grow slightly faster next year than previously forecast, as robust business investment outweighs risks from the euro zone, a leading think tank said on Wednesday. The National Institute of Economic and Social Research said it expected Britain's economy to grow by 2.5 percent in 2015, up from a forecast of 2.3 percent NIESR made three months ago.

  • Fashion to Figure CEO Talks Growth and Capturing Institutional Attention

    From Finance to Fashion, Fashion to Figure Co-Founder & CEO, Michael Kaplan, re-invents and carries on the legacy of his family’s iconic brand, plus-size women’s retailer, Lane Bryant.

  • US Home Construction Drops 9.3 Percent In June

    U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.Construction fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000 homes, the Commerce Department said Thursday. That was the slowest pace since last September and followed a 7.3 percent drop in May, a decline even worse than initially reported.

  • Second-Quarter GDP Growth Revised Up To 4.2 Percent

    The U.S. economy rebounded more strongly than initially thought in the second quarter, and details of a report on Thursday pointed to sustainable underlying strength. The Commerce Department said gross domestic product expanded at a 4.2 percent annual rate--instead of the previously reported 4.0 percent pace--reflecting upward revisions to business spending and exports. It was the fastest pace since the third quarter of 2013.

Other Advice Videos


  • BrightScope Brothers Talk Advice and Money Mistakes

    BrightScope Brothers give their best money advice.

  • Jack Bogle's Father's Day Advice

    Vanguard founder and former CEO John C. 'Jack' Bogle tells MONEY the advice he gives his kids about managing their money.

  • Mom Knows Best: Financial Advice from Mothers

    The Money staff shares the best financial advice their mothers ever gave them.

  • Listening to Mother's Financial Advice

    With Mother’s Day right around the corner, it is a good time to remember your mother’s tips for a better financial future. We review six suggestions that still serve as reliable advice.

  • Financial Advice for College Grads

    Here are a few money mistakes graduates should avoid and some advice they may want to follow.

  • Jason Anello on How to Give Better Advice When Asked for Help

    In Chapter 13 of 20 in his 2014 Capture Your Flag interview, creative director and marketing agency co-founder Jason Anello answers "How Have You Learned to Give Better Advice When People Ask You for Help?" Anello shares how giving better advice is to spend more time truly understanding the question you are asked rather than simply sharing what you did when faced with a similar situation. He finds putting himself in the other person's shoes - showing empathy - helps the advice conversation.

  • Andrew Hutson on Finding Sources for Life Advice and Career Coaching

    In Chapter 19 of 23 in his 2014 Capture Your Flag interview, environmental advocate Andrew Hutson answers "At This Moment in Your Life, Where Are You Seeking Advice and Coaching?" Hutson shares three resources he uses for advice and coaching. First and foremost, he relies on his wife for advice giving and attentive listening. Second, he builds mentor relationships in and out of work to provide role modeling and feedback. Third, he works with an executive coach to gain insight on management.

  • Mike Germano on How to Give Better Advice When Asked for Help

    In Chapter 20 of 23 in his 2014 Capture Your Flag interview, VICE Media Chief Digital Officer Mike Germano answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Germano shares how advice requests can often be asks for other things, including asking for money. He also learns to know when not to give advice - including unsolicited advice - and instead help others make their own decisions. Mike Germano is Chief Digital Officer at VICE Media.